XRPT vs. ETU

Last updated Jun 25, 2026

XRPT (Volatility Shares 2x XRP ETF) and ETU (T-Rex 2X Long Ether Daily Target ETF) are both exchange-traded funds - XRPT is a Cryptocurrency fund actively managed by Volatility Shares, while ETU is a Leveraged Cryptocurrency fund actively managed by REX Shares. Both are actively managed. Over the past year, XRPT returned -90.61% vs -77.87% for ETU. Their correlation of 0.85 suggests significant overlap in exposure. XRPT charges 0.94%/yr vs 0.95%/yr for ETU.

Performance

XRPT vs. ETU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Volatility Shares 2x XRP ETF (XRPT) and T-Rex 2X Long Ether Daily Target ETF (ETU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with XRPT having a -77.14% return and ETU slightly lower at -78.86%.

XRPT

• 1D: -8.65%
• 1M: -41.09%
• YTD: -77.14%
• 6M: -77.64%
• 1Y: -90.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ETU

• 1D: -9.50%
• 1M: -44.34%
• YTD: -78.86%
• 6M: -78.48%
• 1Y: -77.87%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

XRPT vs. ETU - Yearly Performance Comparison

	2026 (YTD)	2025
XRPT Volatility Shares 2x XRP ETF	-77.14%	-67.94%
ETU T-Rex 2X Long Ether Daily Target ETF	-78.86%	-5.87%

Correlation

The correlation between XRPT and ETU is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.85
Correlation (All Time) Calculated using the full available price history since May 22, 2025	0.85

The correlation between XRPT and ETU has been stable across timeframes, ranging from 0.85 to 0.85 - a consistent structural relationship.

Return for Risk

XRPT vs. ETU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XRPT

XRPT Risk / Return Rank: 3
XRPT Sharpe Ratio Rank: 4
XRPT Sortino Ratio Rank: 3
XRPT Omega Ratio Rank: 3
XRPT Calmar Ratio Rank: 1
XRPT Martin Ratio Rank: 3

ETU

ETU Risk / Return Rank: 4
ETU Sharpe Ratio Rank: 5
ETU Sortino Ratio Rank: 5
ETU Omega Ratio Rank: 5
ETU Calmar Ratio Rank: 2
ETU Martin Ratio Rank: 4

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XRPT vs. ETU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Volatility Shares 2x XRP ETF (XRPT) and T-Rex 2X Long Ether Daily Target ETF (ETU). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	XRPT	ETU	Difference
Sharpe ratio: Return per unit of total volatility	-0.60	-0.57	-0.03
Sortino ratio: Return per unit of downside risk	-1.21	-0.58	-0.63
Omega ratio: Gain probability vs. loss probability	0.87	0.94	-0.07
Calmar ratio: Return relative to maximum drawdown	-0.94	-0.83	-0.11
Martin ratio: Return relative to average drawdown	-1.23	-1.19	-0.04

XRPT vs. ETU - Sharpe Ratio Comparison

The current XRPT Sharpe Ratio is -0.60, which is comparable to the ETU Sharpe Ratio of -0.57. The chart below compares the historical Sharpe Ratios of XRPT and ETU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

XRPT vs. ETU - Drawdown Comparison

The maximum XRPT drawdown since its inception was -96.15%, roughly equal to the maximum ETU drawdown of -94.86%. Use the drawdown chart below to compare losses from any high point for XRPT and ETU.

Drawdown Indicators

	XRPT	ETU	Difference
Max Drawdown Largest peak-to-trough decline	-96.15%	-94.86%	-1.29%
Max Drawdown (1Y) Largest decline over 1 year	-96.15%	-93.72%	-2.43%
Current Drawdown Current decline from peak	-96.15%	-94.86%	-1.29%
Average Drawdown Average peak-to-trough decline	-64.45%	-63.31%	-1.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	73.62%	65.52%	+8.10%

Volatility

XRPT vs. ETU - Volatility Comparison

The current volatility for Volatility Shares 2x XRP ETF (XRPT) is 39.09%, while T-Rex 2X Long Ether Daily Target ETF (ETU) has a volatility of 41.30%. This indicates that XRPT experiences smaller price fluctuations and is considered to be less risky than ETU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XRPT	ETU	Difference
Volatility (1M) Calculated over the trailing 1-month period	39.09%	41.30%	-2.21%
Volatility (6M) Calculated over the trailing 6-month period	107.79%	94.19%	+13.60%
Volatility (1Y) Calculated over the trailing 1-year period	151.88%	138.10%	+13.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	149.90%	146.27%	+3.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	149.90%	146.27%	+3.63%

XRPT vs. ETU - Expense Ratio Comparison

XRPT has a 0.94% expense ratio, which is lower than ETU's 0.95% expense ratio.

Dividends

XRPT vs. ETU - Dividend Comparison

XRPT's dividend yield for the trailing twelve months is around 6.95%, more than ETU's 0.01% yield.

Position	TTM	2025	2024
ETU T-Rex 2X Long Ether Daily Target ETF	0.01%	0.00%	0.05%
XRPT Volatility Shares 2x XRP ETF	6.95%	1.23%	0.00%

Frequently Asked Questions

Can I hold both XRPT and ETU in my portfolio?

XRPT and ETU have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XRPT or ETU?

ETU has higher volatility (41.30%) compared to XRPT (39.09%). In terms of maximum drawdown, XRPT dropped -96.15% vs ETU's -94.86%.

Which ETF is better, XRPT or ETU?

On 1-year performance, ETU leads with -77.87% vs -90.61% for XRPT. On fees, XRPT is cheaper at 0.94% per year. On volatility, XRPT has been the lower-risk option at 39.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XRPT or ETU?

Over the 1-year period, ETU has performed better with a -77.87% return vs -90.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XRPT or ETU?

XRPT is cheaper with a 0.94% expense ratio, compared with 0.95% for ETU.

Which ETF pays a higher dividend yield, XRPT or ETU?

XRPT has the higher dividend yield at 6.95%, compared with 0.01% for ETU.

What is the main difference between XRPT and ETU?

XRPT is categorized as Cryptocurrency, while ETU is Leveraged Cryptocurrency. They also come from different issuers: Volatility Shares and REX Shares. Their fees differ too: 0.94% for XRPT and 0.95% for ETU.

Which has better risk-adjusted returns?

ETU currently has the higher Sharpe Ratio (-0.57 vs -0.60), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.